Mass market retailer Harvey Norman has reported a big jump in sales of 18.1% in the first quarter of the 2006/07 financial year. Revenues were $1.25 billion. As a result of the positive announcement Harvey Norman shares climbed 5.2% in early trading.Net income rose to 97.7 million Australian dollars, or $73 million, in the six months ended June 30 from 79.4 million dollars a year earlier. The company posted an annual result of 229.6 million dollars in net profit.
Harvey Norman Posts Big Sales Increase